16.05.2024 15:39:46 - dpa-AFX: Aptiv And Hyundai Motor Complete Ownership Restructuring Transactions Of Motional AD

DUBLIN (dpa-AFX) - Technology company Aptiv plc (APTV) announced Thursday
that Aptiv and Hyundai Motor Group have completed the previously announced
ownership restructuring transactions of Motional AD LLC.

As part of the ownership restructuring, Aptiv sold an 11 percent common equity
interest in Motional to Hyundai for approximately $448 million of cash
consideration.

Aptiv also exchanged approximately 21 percent of its common equity in Motional
for a like number of Motional preferred shares.

In addition to Hyundai's funding of Motional earlier this month, these
transactions resulted in the reduction of Aptiv's common equity interest in
Motional to 15 percent from 50 percent.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
Aptiv PLC A1JPLB NYSE 70,300 14.06.24 03:08:29 -4,210 -5,65% 70,360 71,830 73,645 70,300

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